According to the report titled ‘ORC Industrial Waste Heat to Power Market Size By Application (Oil & Gas, Cement, Glass, Steel & Metals, Others) Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast 2021 – 2027,’ available with MarketStudyReport, global ORC industrial waste heat to power market is expected to witness substantial growth during the period 2021-2027.
 

Rising focus of manufacturers on improving energy efficiency of their production plants, coupled with surging demand for clean energy are propelling the growth of global ORC industrial waste heat to power market.

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For the record, organic Rankine cycle (ORC) is a technology which uses heat from low, medium, and high-temperature streams and converts it into power. It offers high flexibility and compatibility with waste streams, thus improving the energy efficiency of production plants and industries.

Moreover, strict government guidelines for emission reduction is further accelerating the industry development.

Despite the positive outlook, a huge initial investment involved in the process is likely to hinder the progress of the market in the forthcoming years.

Based on application spectrum, the glass segment of worldwide ORC industrial waste heat to power industry is estimated to expand remarkably during the projected timeline, attributed to the high energy requirement of glass production processes, and consequent generation of significant waste heat.

From a regional standpoint, North America market is poised to garner a substantial share during the assessment period, followed by Asia Pacific and Europe.

Moreover, Middle East & Africa market is anticipated to expand remarkably during the review period, due to the strict emission norms employed by the government for energy intensive industries.

The competitive landscape of global ORC industrial waste heat to power market is defined by companies such as TransPacific Energy, Inc., IHI Corporation, Strebl Energy Pte Ltd., Siemens AG, Aura GmbH & Co. KG, General Electric Company, Turboden S.p.A., Ormat Technologies, Inc., Exergy S.p.A., Kaishan Compressor USA, Dürr Group, Boustead International Heaters Ltd., and Climeon AB among others.